Use the Following to Answer Question

question 161

Multiple Choice

Use the following to answer question:
Figure: Demand and Marginal Revenue
-(Figure: Demand and Marginal Revenue) Use Figure: Demand and Marginal Revenue.The figure refers to a software upgrade.The producer incurred fixed costs of $10 million to produce the upgrade;the marginal cost of allowing consumers to download the upgrade is zero.What is the efficient level of output for the upgrade?

• A)0
• B)80,000
• C)125,000
• D)250,000

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Definitions:

Europe

Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere, comprising multiple countries with diverse cultures, languages, and economies.

Bourgeoisie

The social class that came to own the means of production during modern capitalism, typically marked by wealth, property ownership, and the ability to employ labour.

Electoral Institutions

Organizations and systems that organize, oversee, and regulate the process of electing representatives in a democracy.

Representative Institutions

Bodies or organizations that are elected or appointed to act on behalf of a larger group of people, such as legislatures or councils.